Loomis Sayles & Co. L P Increases Stake in Workiva Inc. (NYSE:WK)

Loomis Sayles & Co. L P increased its stake in Workiva Inc. (NYSE:WK - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 814,582 shares of the software maker's stock after buying an additional 86,207 shares during the quarter. Loomis Sayles & Co. L P owned about 1.47% of Workiva worth $89,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB bought a new stake in shares of Workiva in the 4th quarter worth about $59,894,000. Groupama Asset Managment purchased a new position in shares of Workiva during the third quarter valued at approximately $381,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Workiva during the third quarter valued at approximately $18,000,000. Janus Henderson Group PLC grew its stake in shares of Workiva by 839.8% during the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker's stock valued at $16,919,000 after buying an additional 191,078 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Workiva by 13.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock worth $127,570,000 after buying an additional 140,310 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the transaction, the executive vice president now directly owns 61,298 shares of the company's stock, valued at approximately $5,236,688.14. The trade was a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the transaction, the director now directly owns 34,084 shares in the company, valued at approximately $3,023,250.80. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,129 shares of company stock valued at $1,807,333. Corporate insiders own 3.86% of the company's stock.

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Workiva Stock Performance

NYSE:WK traded down $3.15 during trading hours on Monday, reaching $75.58. The company's stock had a trading volume of 200,564 shares, compared to its average volume of 448,667. The stock has a 50 day moving average price of $91.56 and a two-hundred day moving average price of $92.45. The company has a market capitalization of $4.24 billion, a P/E ratio of -82.15 and a beta of 1.09. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83.

Wall Street Analyst Weigh In

Several equities analysts have commented on WK shares. The Goldman Sachs Group cut their price objective on Workiva from $132.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday. Stifel Nicolaus reduced their price target on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. BMO Capital Markets lowered their price objective on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Robert W. Baird lifted their price target on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $118.38.

Workiva Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.